Sr. Commercial Loan Underwriter - Aviation (Finance)
Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.
Must be able to work in Georgetown, MA Office.
Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families.
Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what we're all about.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following, however other duties may be assigned based on business need:
- Performs credit analysis and underwriting reviews on applicants seeking financing for purchase and/or refinance of general aviation aircraft. Responsible for assessing creditworthiness of individuals and companies regardless of dollar amount, industry or complexity, in accordance with State regulatory guidelines and Salem Five's lending policies. Accurately analyzes and processes credit application packages in a manner consistent with department quality standards. Formulates credit memo documents as required for high level Committees and the Board reviews.
- Approves, administers, and reviews loans and loan commitments to ensure that they adhere to existing policy guidelines and examines loan documentation to confirm compliance with credit terms granted and that necessary document records have been prepared to safeguard enforceability of the bank's loan contracts and security interests in its collateral.
- Presents underwritten applications to management with recommendations regarding rejections, approvals, and/or counter proposals that either; advocate terms to credit worthy applicants or rejects those credits not adhering to existing credit guidelines.
- Performs annual reviews as necessary on existing credits to protect the quality and profitability of the loan portfolio.
- Identifies potential problem loans.
- Assists department with portfolio management service needs including supervision of input data/usage for credit underwriting system.
SUPERVISORY RESPONSIBILITIES
Carries out supervisory responsibilities as directed and in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, training employees, planning, assigning and directing work, addressing complaints and resolving problems.
EDUCATION and/or EXPERIENCE
Bachelor's degree (B. A. or B. S.) from four-year college or university; and seven to ten years of related senior level experience (i.e., lending, credit approval, workout) and/or training; or equivalent combination of education and experience. Seven to ten years of commercial underwriting experience, showing increasing levels of responsibilities, required. Experience underwriting larger and very complex loan transactions. Applicant must have appropriately developed the computer skills necessary to complete assignments. Previous experience with approval authority is required.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel and talk or hear. The employee frequently is required to sit. The employee is occasionally required to stand, walk, and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.
Benefits/Incentives: Health Insurance, Dental, Vision, Flexible Spending Account, Health Savings Account, 401k Matching, Tuition Reimbursement, Employee Referral Program, Summer Family Outing, Annual Holiday Reception and more.
Salary Range: Competitive Base
Ready to apply? If this job sounds like a fit for you, then click on Apply/Apply Now in this posting. We look forward to talking with you.
Qualified candidates may also submit a resume and application online at salemfive.com/careers or mail your resume to Human Resources, 210 Essex Street, Salem, MA 01970.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Commercial Banking - Aviation Lending
